Filing for bankruptcy is a difficult decision.
Are you currently overwhelmed by debt? Bankruptcy could be exactly what you need to get a fresh financial start on life.
Whether you are seeking to eliminate your debts through Chapter 7 bankruptcy or need to restructure your debts through Chapter 13 bankruptcy, Liz Law P.A. can help.
No one intentionally accumulates more debt than they can handle, but sometimes life-changing events—such as a job loss, lapse in health, or divorce—make it impossible to keep up with monthly bills.
Are you are currently absorbed in debt? Bankruptcy can be exactly what you need to put your life back on track.
Stop Debt Collectors, Foreclosure & Repossessions
We can answer all of your questions, including:
- Will I lose my house or car if I file for bankruptcy?
- Is filing for bankruptcy the right choice for me?
- Which type of bankruptcy is right for me?
- Will I be left with any debt when it’s over?
- How long does the bankruptcy process take?
What Is the Difference Between Chapter 7 and Chapter 13?
If you are interested in filing for bankruptcy as an individual, then you have the option to file under Chapter 7 or Chapter 13 of the U.S. Bankruptcy Code. While both provide similar outcomes, they are vastly different processes. Chapter 7 bankruptcy requires you to liquidate certain non-exempt assets, sell them, and then use the proceeds to repay your creditors. The benefit is that your debts will be discharged in just a few short months.
On the other hand, Chapter 13 bankruptcy is a lengthier process that can take anywhere from three to five years. During Chapter 13, you will have the chance to restructure your debts, create a monthly payment plan, and repay your creditors in order of priority over the next couple of years. At the end of this process, any remaining debts will be discharged. One benefit is that it may be able to help you halt or prevent foreclosure.
Speak with An Attorney Today
If you want quick answers and advice, the last thing you need is to make an appointment and wait a day or two to speak with a lawyer.
When you call me, you will talk to me directly without any delays.